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Search Results 0 to 4 of about 5 (some duplicates have been removed)
. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- that name may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was still national security advisor. volcker's paper, which are when i read a few years ago, i thought it was the most remarkable document ever to emerge from
for anyone looking to become more familiar with how government works and the ins and outs of capitol hill. >> julie seger on c-span on verizon. c-span has been brought to you by your television provider as a public service. >> next, it is a global look at the economy with a speech by greek economist. among his many books, the economics professor recently minotaur" andobal natar we will show you as much as we can before the house gavels in at 2:00 p.m. eastern. [applause] >> ladies and gentlemen, france, -- friends, this is a singular honor to be a guest in this temple of civic life. thanks to all the good people for making this possible, to my publisher, the staff that are manning the barricades outside. my novel is debt crisis and the future of the world economy. i will be arguing that there is no such thing as a debt crisis. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some p
of state do not like me very much. i was chair of the government oversight committee during the time we were investigating whitewater and we were investigating campaign contributions that came from sources outside the united states and from various people. there was an awful lot to that. we had people testifying like ohnny chonung, they had contributed money to gain favor with the white house. and they came into the kitchen at hong kong and said we wonder -- we like your president and we want to contribute to his campaign. the man who said that was the equivalent of the cia. these were people who were under oath and swore to this and we also had over 100 people take the fifth amendment or flee the country. there was a lot there. that is not to say that president clinton did not do some good things. he worked with newt gingrich and we got out from under some difficult financial problems but i do believe and i still believe there was some illegal activities that took place and we were unable to get the job done. i've always said that janet reno was the greatest blocker than anybody i had
. it is not based on fact or reality. someone is able to hype this notion we are agreeing to a one world government by ratified this treaty which simply embodies what has been our law for decades. the chamber endorsed it. but there is this year. -- but there is this fear of the government and being required to be accountable for having health insurance, the so-called mandate, even though there is help if you need it. >> the velocity of information through social media, radio, and tv, there is a lot of false information and it gets amplified so rapidly now. it is very hard for the facts to catch up. >> what do you tell the consumer of news and information? how do they get the best? >> i say to be a smart consumer who goes to as many different sources as possible. the consumer. if you were buying a car, he would check out -- you check out the whole record of the vehicle. be a consumer. there is a lot of information. it can be interesting and informative. when it comes to the factual record, know where to go. >> let's go to the floor for questions. >> my name is gloria. i come from europe. everybody t
Search Results 0 to 4 of about 5 (some duplicates have been removed)